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WAEC Marketing 2017 Question 25

Question 25

Pricing

A pricing method which involves negotiation between the seller and potential buyer in determining the price for a product is

  1. A.target pricing.
  2. B.cost-plus pricing.
  3. C.haggling pricing.
  4. D.dynamic pricing.
Show the answer and explanation

Answer: C (haggling pricing.)

Explanation

Haggling means buyer and seller bargain until they agree on a price.